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Passport Capital Unloads EBAY, ADT and More

May 30, 2013 | About:
Sally Jones

Sally Jones

49 followers
Guru John Burbank manages Passport Capital, a global investment firm he founded in 2000. Passport Capital’s recently updated portfolio lists 121 stocks, 44 of them new, with a total value of $2.5 billion and a quarter-over-quarter turnover of 32%. The Passport Capital portfolio is heavily weighted in the basic materials sector for 44.9%. According to GuruFocus research, these are the four largest-impact sell outs made by Guru John Burbank in the first quarter of 2013. All trades were made as of March 31, 2013:

Sold Out: HollyFrontier Corp. (HFC) – Oil & Gas – Refining and Marketing

John Burbank sold out his holding of around 1.18 million shares at an average price of $51.51 for a loss of 2.6%. Burbank traded HFC for six quarters, five of them gaining; his highest gain was 84.6% in the fourth quarter of 2011.

This trade impacts his portfolio by -2.1%.

The current share price is $50.04 compared to past valuations.

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Sold Out: eBay Inc. (EBAY) – Specialty Retail

John Burbank sold out his holding of around 815,500 shares at an average price of $54.12 for a gain of 1.8%. Burbank traded EBAY for five quarters, all five of them gaining; his highest gain was 61.2% in the first quarter of 2012.

This trade impacts his portfolio by -1.6%.

The current share price is $55.10 compared to past valuations.

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Sold Out: ADT Corporation (ADT) – Security and Protection Services

John Burbank sold out his holding of around 739,000 shares at an average price of $47.69 for a loss of 13.6%. Burbank traded ADT for two quarters, with a loss in both.

This trade impacts his portfolio by -1.3%.

The current share price is $41.21 compared to past valuations.

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Sold Out: Cliffs Natural Resources Inc. (CLF) – Industrial Metals and Minerals

John Burbank sold out his holding of around 613,500 shares at an average price of $30.32 for a loss of 38.2%. Burbank traded CLF for 13 quarters, always in the red. He had 10 consecutive quarters losing 65% or more.

This trade impacts his portfolio by -0.91%.

The current share price is $18.73 compared to past valuations.

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Study the rest of Guru John Burbank’s trades.

Based in San Francisco, Passport Capital is a global investment firm that manages approximately $3.7 billion in assets. The company uses macroeconomic analysis to develop major themes and rigorous fundamental research on companies to create global portfolios.





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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 5.0/5 (1 vote)

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